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Markets29 Oct 2026

Fed Chair Kevin Warsh signals higher rates and cuts scheduled policy votes

Federal Reserve Chair Kevin Warsh signaled an openness to higher interest rates while unveiling structural changes to reduce the frequency of official policy votes.

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Words to know

monetary policyActions taken by a central bank to manage the money supply and interest rates to control inflation and employment.Interest rateThe cost of borrowing money, as a yearly percentage.FOMCThe Federal Open Market Committee, the branch of the Federal Reserve that sets national monetary policy and interest rates.